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First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments. The company offers commercial banking, business banking, consumer banking, and private client and wealth management business such as deposit, commercial, consumer & wealth investment, wealth management, financial planning, trust and asset management services. The Specialty Banking segment provides wholes banking services like fixed income/capital markets, professional commercial real estate, mortgage warehouse lending, asset-based lending, franchise finance, equipment finance, energy finance, healthcare finance, and trucking and transportation finance; as well as treasury management solutions, loan syndications, and international banking. In addition, the company offers corporate and correspondent banking services. Further, it provides transaction processing services including check clearing services and remittance processing, credit card products, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.
Diversified Strength | First Horizon's multi-faceted business model proves resilient amidst economic challenges, offsetting NII pressures with robust fee income and fixed operations |
Capital Allocation | Explore First Horizon's strategic share buyback program and its 14-year dividend streak, signaling confidence while potentially impacting the CET1 ratio |
Market Dynamics | Delve into First Horizon's navigation of intense deposit competition in the Southeastern US banking market, balancing retention with profitability |
Future Trajectory | Analyst projections set price targets ranging from $18 to $23, with a focus on profitability improvement and potential M&A activities shaping First Horizon's outlook |
Metrics to compare | FHN | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipFHNPeersSector | |
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P/E Ratio | 11.0x | 9.8x | 8.5x | |
PEG Ratio | - | −0.46 | 0.03 | |
Price/Book | 1.0x | 0.9x | 1.0x | |
Price / LTM Sales | 2.8x | 3.0x | 2.6x | |
Upside (Analyst Target) | 32.1% | 32.1% | 22.2% | |
Fair Value Upside | Unlock | 8.8% | 4.4% | Unlock |